Short Interest in iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Rises By 75.1%

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 56,641 shares, a growth of 75.1% from the July 30th total of 32,349 shares. Based on an average daily volume of 203,093 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

iShares Intermediate Muni Income Active ETF Stock Down 0.6%

Shares of iShares Intermediate Muni Income Active ETF stock opened at $23.53 on Wednesday. iShares Intermediate Muni Income Active ETF has a 52-week low of $23.41 and a 52-week high of $24.58. The company has a 50-day simple moving average of $23.94 and a two-hundred day simple moving average of $24.08.

Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF

Several institutional investors and hedge funds have recently made changes to their positions in INMU. Farther Finance Advisors LLC bought a new stake in shares of iShares Intermediate Muni Income Active ETF in the 4th quarter worth $65,000. JPMorgan Chase & Co. bought a new position in shares of iShares Intermediate Muni Income Active ETF in the 2nd quarter worth approximately $155,000. Magnolia Private Wealth LLC bought a new position in iShares Intermediate Muni Income Active ETF in the fourth quarter worth approximately $313,000. Finally, Bank of New York Mellon Corp purchased a new position in iShares Intermediate Muni Income Active ETF during the first quarter valued at $1,983,000.

iShares Intermediate Muni Income Active ETF Company Profile

The BlackRock Intermediate Muni Income Bond ETF (INMU) is an exchange-traded fund that is based on the BBG Barc Municipal Bond 1-15Yr index. The BlackRock Intermediate Muni Income Bond ETF (the Fund) seeks to maximize tax-free current income. INMU was launched on Mar 16, 2021 and is managed by BlackRock.